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Calculators


Got a question that involves number crunching? Use the calculators on this page to find the mathematical answer to the most commonly asked number-crunching questions, and see your inputs displayed next to the graph, chart, and/or table output in a side-by-side display.

Calculator: Print This Page
Retirement Income Calculator
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*Include both taxable and tax-exempt holdings

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*This is an estimate of your annual expenses during retirement

*If selected, will also adjust Social Security benefit

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*Part-time employment, spouse's wages, etc.

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*If you're not in pay status you can obtain an estimate of your future Social Security benefit by going to http://www.ssa.gov/OACT/quickcalc/index.html.

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*Annuities, pensions, etc. Do not include RMDs if the IRA or employer plan balance is included in "savings at retirement".

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*Anticipated inheritance, proceeds from sale of business or property, etc.

This calculator estimates how long your retirement savings will last based on your forecast of retirement expenses and income.

This calculator is intended for use by those at or approaching retirement.

Enter data in the fields below and click the Calculate button to analyze your retirement income. (Note: All dollar entries are annual amounts except Social Security, which is monthly.)


Retirement Income Chart
These charts compare your sources of retirement income to your estimated retirement expenses, and illustrate how long your retirement savings will last, based on the assumptions below:

Based on the inputs above, your retirement savings and expected contributions will not provide all of your retirement income needs.
Your savings will be exhausted by age 79.

Your estimated expenses in your first year of retirement are $60,000. You will receive Social Security benefits of $24,000 starting at age 65. These amounts are adjusted for inflation.

If Social Security, household income, and other income payments don’t meet your expenses in any year, the balance will have to be met through distributions from your retirement savings and any lump sum payments you receive.



    Assumptions

  • Your retirement savings are your total retirement savings, including taxable, tax-deferred, and tax-exempt holdings.
  • The expected rate of return represents after-tax return. Your actual rate of return will be based on the investments you hold in your retirement portfolio net of taxes and expenses.
  • Social Security income is illustrated based on your inputs. Your Social Security benefits may differ, depending on your earnings history and other factors, such as actual government cost-of-living adjustments.
  • All income and expenses are treated as occurring at the end of each year.
  • This is a hypothetical example and is not intended to reflect the actual performance of any specific investment, nor is it an estimate or guarantee of future value. All investing involves risk, including the possible loss of principal, and there can be no assurance that any investment strategy will be successful. When making an investment decision, investors should consider their personal investment horizons and income tax brackets, both current and anticipated, as these may further impact the results of this comparison. This illustration assumes a fixed annual rate of return; the rate of return on your actual investment portfolio will be different, and will vary over time, according to actual market performance. This is particularly true for long-term investments. It is important to note that investments offering the potential for higher rates of return also involve a higher degree of risk to principal.
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